Question: Income statement for 2016 Sales are expected to increase by 30% in 2017, while costs including depreciation are expected to reach 60% of sales. Interest

Income statement for 2016 Sales are expected to increase by 30%

Income statement for 2016 Sales are expected to increase by 30% in 2017, while costs including depreciation are expected to reach 60% of sales. Interest expenses and the average tax rate are expected to stay constant. Part 1 Attempt 1/20 for 10 pts Prepare a pro forma income statement for 2017 . What is the expected net income

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